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Time: globisoftware

On: Dec/12/2022

Category: Huawei iphone samsung Digital life

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In Argentina, at least in the papers, the future has already arrived: a few days ago the Central Bank approved the Transferences 3 program.0, which will promote from December 7 the massification and standardization of digital payments.Finally, we can pay with any QR code, regardless of the virtual wallet used (that is, it will be a legible universal code for all services equally, and the user will decide which one uses).

This measure is part of the digitalization of the payments that Argentine society is living, which showed an intense interest towards the solutions that dispensed with the cash ("cashless") in terms of searches on Google, according to a study published byThe Mountain View Giant Local Office.Punctually, from the firm they detected a growth in searches related to virtual wallets (167%), online accounts payment (178%) and transfers on the same way (387%), during the second quarter of this year versus versusThe same period of 2019. El uso de las billeteras y lo que ofrecen las fintech se incrementó 90% en este último año en la Argentina, agrega Roxana Mazza, socia de PwC Argentina Financial Services & Digital.

Meanwhile, in other parts of the world solutions known as payments with the NFC of the cell phone or the clock are already enabled (without massive presence in Argentina), but there are also the most striking, such as paying with simple presence, payments withcryptocurrencies and other different forms of biometry such as hand, fingers, pupil and face.And there are other strangest but less spread systems yet.

Put my face

The best example of innovative payment systems has to do with biometry.In Osaka, Japan, they are testing a system for passengers to pay for collective trips with a simple face scan.Punctually, the Ministry of Economy, Commerce and Industry of Japan is testing the without driver and tickets with facial recognition in several cities of the country, and the next one, in the city of Maebashi, "it is expected to begin this December", according to Japan Times."The passengers have their face scanned and registered in advance so that their account is automatically loaded once their face is detected by addressing a bus," says the morning.

There is more.In Finland, for example, the Telia Telecommunications Company, next to the OP Bank, conducted facial payment tests;that is, the biometric recognition of a person's face.In the National Stock Exchange of India (NSE) biometric authentication was approved through selfies to buy actions and values.

And in China, the Wechat Social and Mobile Payment application launched a point of sale (POS) facial device to increase off -line payments simply by scanning the faces of buyers to complete the transactions, without the need for smartphones.The device has a QR code scanner, a 3D camera for facial recognition and a 10.1 -inch double -sided screen.

"It is very interesting what the largest wallets in Asia are doing, particularly the Chinese," says Pierpaolo Barbieri, founder and CEO of Uualá."The Wechat company belongs to Tencent, who led Ulá's last investment round; has an active test of a facial recognition system called Frog in several Retail lines.It is also worth following how the NFC, the same technology present on our card, which is being integrated with Apple Pay in Apple's watches."

Más allá del QR: estos son los métodos de pago más inusuales del mundo

In fact, payments with a clock that is close to a POS with NFC is increasing"contactless" cards, identifiable by a symbol like radio waves.

"Biometry is a very relevant technology in order to reduce fraud exposure, since ways of supplanting identity or theft of data are avoided because the validation of a transaction is performed with biometric patterns of a person, which are unique andunrepeatable, "explains Jorge Larravide, a specialist in payment and innovation media with a previous step of more than 12 years in Red Link.

The most used types of biometry are: fingerprint, facial recognition, voice recognition, iris recognition, veins pattern, etc., the expert details.The systems and/or reading devices of the biometric patterns compare the information provided by the person with the one stored in databases, added to mechanisms that allow to validate that the person is "alive" (according to the device it is used: movement, temperature, temperature, temperature, blood pressure, etc.).

"Within the Big Tech, Google Pay, Google payments that do not work yet in Argentina, added biometric authentication to its money and payments solution.And Amazon is also raising a pilot test to pay with the ‘Palma de la Handa’, "says the specialist.

In Argentina

In the country, ANSES already made use of these systems, with the recognition of fingerprint, first to validate the "faith of life" of retirees and pensioners, a necessary step that must be done from time to time (differs according to the payment modalities) To collect their assets, but it was also used to digitally sign the "historical reparation" that the Mauricio Macri government carried out.

In addition, these systems are used in the "digital onboardings" that make the wallets and digital banks, using the database of the National Registry of Persons (Renaper).Some examples are Bapro's DNI, BNA+ Banco Nación and 100% Digital Banks such as Wilobank, Brubank.Digital wallets such as Orange X, Valepei and Mercado Pago also use these mechanisms, Larravide lists.

"The use of different types of biometry opens new worlds and use cases.Imagine not having to carry a wallet with plastics (debit, credit, social work credentials/prepaid medicine, for example) since my biometry is what replaces all those plastics and decisively reduces fraud, "says Larravide.

Eye reading

Perhaps one of the most striking biometric solutions is that of the recognition of the iris, Greynier Fuentes, VP of Veritran digital solutions, and remembers the experience that the "Nestlé Market" store launched at its headquarters in Barcelona.This experience is a pilot test developed by Nestlé Spain last year with the Payment Innovation Hub team, a multisectoral alliance formed by CaixaBank, Global Payments Inc., Visa, Samsung and Arval).The initiative pursued the objective of improving the customer experience, since the time of payment in the box is made more agile, while the safety of the transaction increases.

To use the system, the customer had to download a dedicated app, load their personal and payment data as well as an image of their face.And at the premises a box with a chamber tablet and Internet connection had enabled.When it was time to pay, the client had to take a selfie with the tablet and if his face was the same that was loaded in the system, the payment was enabled and already.

And this did it on a large scale, Raxana Mazza brand, from PWC: enrolled 1200 million people using the Iris.It was a great digital identification project with biometry as an enabling, he says.

"IRIS recognition provides the safer biometric authentication known today with impeccable, precise and fast human identification.It is an authentication that cannot be falsified, steal, simulate or duplicate.Only an Iris represents more data than 9 fingerprints, while allowing an interaction without contact and safe.The authentication of Iris is, without a doubt, the next step in human identification that must be followed closely and democratized to offer better services and 100% safe solutions, "argues sources.

Future trends

"Biometric payments (authentication with fingerprints, iris or veins of the hand) have not yet taken off in Argentina, mainly due to the lack of infrastructure that require this type of authentications," says Juan d'Astochia, General Manager forGlobal Ecommerce, Latam, WorldPay Merchant Solutions, Fis."Some technologies such as Apple Pay or Google Pay make use of devices installed on mobile phones, but unfortunately they are not yet available in our country."

In relation to future tendencies, and concatenated with pandemic, biometric payments will go to "contactless" options over those solutions such as reading the fingerprint or the map of veins of the palm of the hand thatThey have been used in ATMs in several countries, proposes Pablo Ces, CEO of Flexibility, an Argentine company specialized in promoting digital transformation into the Fintech ecosystem with a middoleware product to facilitate communication between financial infrastructure."We are going to facial recognition such as the one that is being used a lot in China and the device for capturing that data will be the cell phone, without a doubt," he says.

The numbers support it: Visa has prosecuted 500 million additional transactions without pin and without contact since the payment limits were increased in 29 countries around Europe in response to the Covid-19 pandemic, according to the card network.

Payment bracelets

There are also other methods that attract attention beyond biometry.For example, and continuing with the means of transport, the Busup company, which allows you to share special bus routes in events and for business services in Europe and South America, now performs the authentication of mobile boarding cards through a systemof contactless verification that uses the data transmission technology per ultrasound developed by the American firm Linsr.

A well -known case, which goes beyond biometry since it is a 360 payment solution, is the one used by Amazon and other stores in various parts of the world have experienced with the technology of "only leaves the store",where the client never goes through a payment process.Cameras and sensors around the store monitor all the shopping experience, identifying what the customer is buying and then debitting his credit or debit card via an app on his cell phone.

In Colombia, since 2019 there are "payment handles".These are bracelets that distributes banolombia so that customers can improve their payment experience with NFC technology.In this way, they argue from the bank, their users will not have to carry a debit card to make their purchases.The bracelet is "associated" to the savings box, allowing the payments process to be reduced up to 10 seconds."This is a very successful system," says Ignacio Carballo, a specialist in Fintech and professor at the Argentine Catholic University.

And you have to remember that - at least until last year - more than 3000 Swedes a microchip had been installed under the skin, which is inserted with a syringe into the back of the hand, and that issues data when approaching it to aNFC reader.While these chips still do not replace the cards, they will do so in the near future.

Meanwhile, what can be done is to store there train tickets from the company SJ, from the Nordic country, which popularized the implementation of microchips."It's an interesting trend," says Pablo Ces, from Flexibility, "but I don't think it ends up massifying."